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Investor's gem in the highly sought-after Kaimuki neighborhood. This rare opportunity features a generous 15,600 sq. ft. lot zoned R-3.5.
The property includes a total of 12 rental units-5 studios, 6 one-bedroom units, and 1 two-bedroom unit-spread across five separate structures.
Situated on a corner lot spanning from 3rd Avenue to Palima Place, across Pahoa Avenue, the property offers excellent accessibility. Utilities include 11 individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off ramps, popular restaurants and businesses along Waialae Avenue and Kapahulu Avenue, Market City Shopping Center, Kapahulu Shopping Center, and Waikiki.
Buyer to perform their own due diligence.
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Multi-family details
1942 year built
- Year Built 1942
- Days on market 4
-
Address
1003 3rd Ave, Honolulu, HI, 96816
- Neighborhood Kaimuki
- Land tenure FS - Fee Simple
- Land SqFt 15,600 sqft
- View City
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Monthly payment
Calculate your monthly payments
Mortgage
$13,512
Taxes
$884
HOA dues
$0
Mortgage
Down payment
$530,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$13,512 / month
Neighborhood: Kaimuki
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
16 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
12 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
12
Amenities & Features
12 parking places
Stories
One, Two
Construction
Single Wall
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Water
Property Condition
Average
Parking
Open
nr.of parking places
12
Amenities
A/C
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
Kaimuki prices
Average price $767.95k
Neighborhood average sales price*
$767.95k
Neighborhood median sales price*
$619.5k
Number or sales*
60
*last 6 months
About Kaimuki
The neighborhood of Kaimuki was once the suburbs of Honolulu and is now considered urban. Development in this neighborhood began in the early 1900's and many of those home that were built before 1930's remain in some form. Then another growth spurt Read more
Schools
15 schools in this area
| School rating | Distance | |
|---|---|---|
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
Elementary School
|
0.303mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
Middle School
|
0.217mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
High School
|
0.217mi |
| School rating | Distance | |
|---|---|---|
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.303mi | |
|
Aliiolani Elementary School
1240 7th Ave,
Honolulu, HI 96816
|
0.402mi | |
|
Aikane O Hokulani
2940 Kamakini St,
Honolulu, HI 96816
|
0.423mi | |
|
Hokulani Elementary School
2940 Kamakini St,
Honolulu, HI 96816
|
0.488mi | |
|
King Liholiho Elementary School
3430 Maunaloa Ave,
Honolulu, HI 96816
|
0.507mi |
| School rating | Distance | |
|---|---|---|
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.217mi | |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.303mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.828mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.847mi | |
|
Kaimuki Christian School
1117 Koko Head Ave,
Honolulu, HI 96816
|
0.852mi |
| School rating | Distance | |
|---|---|---|
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.217mi | |
|
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.386mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.828mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.847mi | |
|
Kaimuki Christian School
1117 Koko Head Ave,
Honolulu, HI 96816
|
0.852mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Price Increase Oct 11, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 11, 2024 | Price Increase | $2,888,000 +5.02% | 0 | MLS #202413986 |
| Oct 11, 2024 | Back On Market | $2,750,000 | 0 | MLS #202413986 |
| Jul 10, 2024 | Active Under Contract | $2,750,000 | 0 | MLS #202413986 |
| Jun 11, 2024 | New Listing | $2,750,000 -18.64% | 0 | MLS #202413986 |
| Apr 5, 2024 | Cancelled | $3,380,000 | 0 | MLS #202320181 |
| Apr 5, 2024 | Back On Market | $3,380,000 | 0 | MLS #202320181 |
| Mar 19, 2024 | Active Under Contract | $3,380,000 | 0 | MLS #202320181 |
| Sep 1, 2023 | New Listing | $3,380,000 +35.8% | 0 | MLS #202320181 |
| Jul 18, 2022 | Sold | $2,488,890 -16.76% from last sold price | 0 | Public Record |
| Jul 6, 2022 | In Escrow - not showing | $2,989,888 | 0 | MLS #202201670 |
| Jun 25, 2022 | Back On Market | $2,989,888 | 0 | MLS #202201670 |
| Apr 27, 2022 | Active Under Contract | $2,989,888 | 0 | MLS #202201670 |
| Apr 26, 2022 | Price Decrease | $2,989,888 -4.44% | 0 | MLS #202201670 |
| Jan 26, 2022 | New Listing | $3,128,888 | 0 | MLS #202201670 |
Tax & MLS details 1003 3rd Ave, Honolulu, HI, 96816
MLS #202525869
Current Property Taxes p/month
$884
Assessed Improvement value
$238,400
TMK
1-3-2-010-048-0000
Flood Zone
Zone X
Topography
Gentle Slope,Level
Lot Description
Other
Total Assessed value
$3,031,400
Listed by
Five Star Realty, Inc.
(808) 382-6871
(808) 382-6871
MLS #
202525869
Hawaii House tour report for this multi-family home
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Stunning views
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Frequently asked questions for 1003 3rd Ave
When was this multi-family home built and last sold?
This house was build in 1942.
What is the full address of this multi-family home?
1003 3rd Ave, Honolulu, HI, 96816.
Are there beaches near 1003 3rd Ave?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2026 by HiCentral Mls, Ltd. Listing courtesy of Five Star Realty, Inc.. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on January 06, 2026.
Hawaii House Last checked 1 minute ago.
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